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If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock of labor? Use a diagram to guide your arguments.
The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with th..
Between two production technologies firm can choose a new product line. If it installs expertise 1, it's annually costs.
1nbspbarriers to entry help maintain market power and earn positive economic profits.nbsp these factors apply to all
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
What are the major categories of “investment” expenditure in the GDP accounts? What are “transfer” expenditures of governments? Why aren’t they included as part of “government spending” in calculating GDP? Why aren’t “intermediate” goods purchases by..
Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.
q1. from a random sample of 500 registered voters in la 400 indicated that they would vote in favor of a proposed
Compute Opulenzas current account. Is CA a deficit or a surplus. Explain intuition for C4 deficit/ surplus in terms of savings in Opulenza, financial flows and its domestic/external wealth position.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
q. 1. what contact does natural capital have on economic growth? will it be probable for a country through few natural
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